Nordbex AB (“Nordbex”) has appointed Swedbank/SpareBank1 Markets (“Swedbank”) as strategic financial advisor to support the rollout of plants purpose-built to replace and decarbonise aging municipal Combined Heat and Power (CHP) plants in the Nordic region.
As a first step, the parties will collaborate on a capital raise to fund Nordbex’s flagship facility, Nordbex 1 – Nybro, where Swedbank will act as sole financial advisor and bookrunner across the debt and equity raise. The agreement also establishes the basis for continued partnership on financing additional Nordbex plants in the future.
“The Nordbex 1 – Nybro Bio-CCUS facility marks a pivotal step in our effort to offer a scalable, carbon negative Bio-CCUS platform to the Nordic CHP sector,” said Thomas Öström, CEO of Nordbex AB. “We are excited to work with Swedbank not only on this project, but on a long-term journey to deliver multiple plants and systemic impact.”
Swedbank will provide full advisory services, including investor engagement, transaction structuring, and strategic documentation support, with a shared long-term commitment to the Nordbex platform.
